There is no strategy for this dire market! The market confidence has been wrecked!

Folks, there is no clear strategy for this market! A retired friend of mine came to see me today and literally told me how he lost $800,000 in the stock market! He maintained a diversified portfolio and still lost his money!

We are definitely in uncharted waters and the prognosis is very poor for an early recovery! There has been a tremendous loss in confidence in the stock market investment vehicle. This asset class will not see any meaningful gains for a considerable period of time!

Another incredible day in the market, down another 500 pts! I guess prospects for tommorrow don't look good either!